KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) defended its policy to implement the scheduled salary deductions announced yesterday by claiming that the borrowers had agreed to make repayments according to the schemes provided, including scheduled salary deductions through their employers.
Its Chairman Wan Saiful Wan Jan said, Section 29 of the PTPTN Act 1997 has given the power to PTPTN to instruct employers to implement salary deductions on its borrowers.
“Therefore, the law has provided for it,” he elaborated on the power of employers and the new scheduled salary deductions mechanism which were said to be contradicting with the Loan Agreement.
Wan Saiful said, he is ready to listen to the concerns of the borrowers an is prepared to consider the pleas from those who need special considerations.
He said, the new policy will ensure that PTPTN can continue to assist the future generation.
“The government has to choose between prioritising the borrowers now or to ensure PTPTN’s sustainability so that millions of children today will have funds for higher education in the future.
“This is not an easy decision as it involves two groups with different priorities. I’m confident that the government’s decision today will ensure the sustainability of PTPTN for the benefits of our children,” he said. -MalaysiaGazette